Funded

Total loan: $2,475
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Gurbadam

Mongolia
Ulaanbaatar, Mongolia / Manufacturing

A loan of $2,475 helped to buy a block-making press machine and start producing cement blocks that people use to build houses and fences.


Gurbadam's story

Gurbadam is 27 years old. He lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. His daughter attends a kindergarten and his son stays at home in his wife’s care.

Gurbadam runs a transportation business. Four years ago he bought a truck and started delivering his clients' goods from warehouses to market. He is a very good auto mechanic and handyman. In his spare time, he fixes other people's cars in his garage. Since he started his business his family’s living condition is improving. They have bought a family house recently.

Gurbadam is planning to buy a building block-making machine and to start producing building blocks. This is a small machine that uses cement and sand mix and produces 20 blocks in an hour. People use these blocks for building houses, fences and other structures.

The loan Gurbadam is requesting will be used to buy a block-making press machine and start producing building blocks.



Loan details

Loan length:

26 months
Disbursed date: May 18, 2011

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: May 18, 2011